Brief: Battalion Oil Failed To Meet Deadlines Set Forth In Plan Of Merger

Battalion Oil

29/04/2024 14:11

April 29 (Reuters) - Battalion Oil Corp  BATL.A :
    * BATTALION OIL- ON APRIL 26 DETERMINED FURY RESOURCES
FAILED TO
MEET CERTAIN DEADLINES SET FORTH IN AGREEMENT, PLAN OF MERGER,
DATED AS OF DEC 14, 2023
    * BATTALION OIL CORP - ON APRIL 26 FURY RESOURCES, INC
FAILED TO
DELIVER QUALIFYING ADDITIONAL FINANCING DOCUMENTS BY DEADLINE
    * BATTALION OIL CORP - UNDER TERMS OF MERGER AGREEMENT, AS
AMENDED
BY FOURTH AMENDMENT, CO HAS RIGHT TO EXERCISE QAFD TERMINATION
RIGHT
    * BATTALION OIL CORP - BOARD AND SPECIAL COMMITTEE OF BOARD
ARE
EVALUATING COMPANY'S OPTIONS IN LIGHT OF TERMINATION EVENT
    * BATTALION OIL CORP - CONSIDERING RANGE OF OPTIONS,
INCLUDING
POSSIBLE CHANGES TO TERMS OF MERGER AGREEMENT, TERMINATION OF
MERGER AGREEMENT
    * BATTALION OIL - AT THIS TIME, CO HAS NOT TERMINATED MERGER
AGREEMENT BUT HAS RESERVED ALL OF RIGHTS, REMEDIES UNDER MERGER
AGREEMENT, APPLICABLE LAW

Source text for Eikon:  ID:n0001104659-24-053545 
Further company coverage:  BATL.A 

 ((Reuters.Briefs@thomsonreuters.com;))